Aritzia Announces $200 Million Secondary Offering of Subordinate Voting Shares

Core Viewpoint - Aritzia Inc. is conducting a bought deal offering of 1,537,000 subordinate voting shares at an offering price of $130.20 per share, resulting in total gross proceeds of approximately $200.1 million for the selling shareholders, primarily for estate planning, investment diversification, and charitable purposes [2][3][4]. Group 1: Offering Details - The offering will be underwritten by BMO Capital Markets, and the company will not receive any proceeds from this offering [2][3]. - An over-allotment option allows the underwriter to purchase an additional 230,550 shares within 30 days of the offering's closing [2][4]. - The offering is expected to close around January 29, 2026, and a preliminary short form prospectus will be filed by January 19, 2026 [5]. Group 2: Shareholder Information - Following the offering, Brian Hill will remain the largest shareholder with approximately 15.9% equity interest [3][12]. - The total number of subordinate voting shares outstanding will be 97,286,183, and multiple voting shares will be 18,392,244 after the offering [4][12]. - The Hill Entities currently hold no subordinate voting shares but possess 19,679,244 multiple voting shares, representing a voting interest of approximately 67.3% [11]. Group 3: Company Overview - Aritzia is a design house known for its innovative global platform and offers a range of exclusive brands under the concept of "Everyday Luxury" [7][8]. - The company operates over 125 boutiques across North America and emphasizes personalized shopping experiences [8].